Plan reins in consultant “rescue” scams and requires more transparency for homeowners. LANSING, MI – October 19, 2009 – (RealEstateRama) — As new numbers reveal that home foreclosures continue to plague Michigan and the nation, Senate Democrats are preparing to unveil a new legislative package attacking “foreclosure consultant” scams and giving homeowners more transparency in the loan modification process. Despite efforts from both federal and state government agencies, the number of foreclosure filings nationwide hit a record high in the third quarter of 2009, according to a report issued yesterday.
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